LANCASTER, Pa. (WHTM) — The Mega Thousands and thousands jackpot simply retains getting larger–now as much as slightly below $1.three billion {dollars}, hours earlier than the massive drawing. The highest prize up for grabs tonight is the second greatest within the historical past of the sport.

What must you do if destiny makes you the fortunate winner?

Jesse Landis is a licensed monetary planner on the Landis Monetary Advisors in Lancaster.

He says if luck is in your aspect, you received’t truly go house with a billion {dollars}.

“Sadly not, you do have to think about taxes. It’s about 37 p.c for federal taxes so Uncle Sam goes to achieve into your pocket for that after which you’ve Pennsylvania state tax as properly which is a flat charge of three.07%,” mentioned Jesse Landis, a licensed monetary planner at Landis Monetary Advisors.

Landis says you must do these three issues instantly after profitable.

“You undoubtedly don’t need to get your telephone out and begin posting throughout social media. That’s simply going to open your self as much as fraud and harassments,” Jesse Landis mentioned. “You’re going to need to contact a professional lawyer after which additionally converse to a licensed monetary planner comparable to myself.”

In Pennsylvania, remaining nameless is just not an possibility, so whereas it wouldn’t be a nasty payday, keep in mind not each lottery win ends properly.

“A variety of lottery tales don’t find yourself optimistic as a result of folks blow threw their cash. I believe having private duty and likewise a superb workforce behind you is admittedly important,” Landis mentioned.

So what would you do should you received the grand prize?

One resident in Lancaster chimed in.

“I might pay a bunch of debt off, purchase some actual property, some property and ensure everybody in my household is cool,” mentioned Francisco Ramos, of Lancaster.